India, Asean conclude deal for FTA in goods

India and the 10-member Asean grouping today announced concluding a deal for a free trade agreement that will break duty barriers for goods in the 1.5 billion people strong market.
 
This was announced by the Commerce and Trade Minister Kamal Nath in Singapre today. "It took six years for India to understand the sensitivities of Asean, and for the Asean to understand the sensitivities of India," Nath said at a joint press conference of India-Asean economic ministers today.
 
The FTA in goods will be signed at the Asean-India summit in Bangkok in December.